HWH CEO Chan Heng Fai Receives 1.48M-Share Award

What Happened

• Chan Heng Fai, Chairman and Chief Executive Officer of HWH International Inc. (HWH), was awarded 1,480,000 shares of the company’s common stock on August 7, 2026 as compensation under the Company’s 2025 Incentive Compensation Plan. The grant price/value is not disclosed in the filing. The shares are subject to a 12‑month lockup from issuance.

Key Details

• Transaction date: 2026-08-07; Form filed: 2026-08-11.
• Transaction type: Award/grant of shares (code A on Form 4); no purchase price or total dollar value reported (N/A).
• Lockup: Shares subject to a 12-month transfer restriction from date of issuance.
• Shares owned after transaction (based on footnote disclosures): Mr. Chan personally owned 2,482,600 shares before the award; adding the 1,480,000 grant implies 3,962,600 shares held personally after the grant. Alset Inc. (which Mr. Chan controls) beneficially owns 5,581,719 shares; combined beneficial ownership (Mr. Chan personally + Alset) would be about 9,544,319 shares.
• Filing timeliness: Form was filed four days after the reported transaction date; the filing shows the transaction date and the filing date but does not indicate a specific tardiness designation in the supplied details.

Context

• This was a compensation award (not an open-market purchase or sale). Awards are routine for executive compensation and do not by themselves indicate buying or selling intent. The 12-month lockup prevents immediate disposition of these shares. The filing also notes Mr. Chan’s control/beneficial ownership through Alset Inc., which holds a substantial block of the company’s stock.